FARMINGTON SOCCER CLUB INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

GARRET RATCLIFFE

Tax Period

2023-01-01 to 2023-12-31

FARMINGTON SOCCER CLUB INC, founded in 1981, is a small nonprofit that reported $163K in total revenue in fiscal year 2023. The organization ran a surplus of $28K, a strong 17% operating margin.

Mission

TO FOSTER LOCAL, STATE, NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION BY PROMOTING, DEVELOPING AND GOVERNING YOUTH SOCCER ACTIVITY IN THE TOWN OF FARMINGTON.

Program Service Accomplishments

Program 1

Expenses: $133,519 Revenue: $160,122

THE ORGANIZATION PROVIDES SOCCER PROGRAMS AND INSTRUCTION BY PROMOTING, DEVELOPING AND GOVERNING YOUTH SOCCER ACTIVITIES IN THE TOWN OF FARMINGTON AND COORDINATING SUCH ACTIVITY THROUGH AFFILIATION...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,696

Program Service Revenue $160,122

Investment Income $572

Other Revenue $0

TOTAL REVENUE $163,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,519

Other Expenses $135,019

TOTAL EXPENSES $135,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,390	N/A	N/A
Expenses	$135,019	N/A	N/A
Net Income	$28,371	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRET RATCLIFFE	PRESIDENT	20.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$163,390	$135,019	$178,302	$28,371